Set to be completed by 2035, the redevelopment will accommodate 17,500 residential units and 77,000 people.

It was reported earlier this year that 88 percent of the landowners have already agreed to sell their land for redevelopment. These owners represented 3,256 of the 3,700 of those who gave their feedback on the master plan.

Meanwhile, executive director Raja Azmi Raja Nazuddin revealed that UDA eyes to review upwards its property prices due to increases in the prices of materials following the weakening of the ringgit.

“At the moment, property prices still remain competitive. We may have to increase the prices to cover higher operating costs,” he said at U4RIA, which is UDA’s property carnival.

To end on 31 December, U4RIA offers a vast array of properties for businesses and families, with incentives offered to buyers including the easy ownership scheme.

Image: Sourced from nst.com.my

SOURCE: PROPERTYGURU MALAYSIA

Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my